Latest Updates Around The World
The Indian rupid hit a new record on Tuesday with 88,7975 per dollar, making it the worst performing currency among his Asian colleagues. The rupid is under pressure due to a sharp rise in American visa costs, which is seen that threatens the IT sector and transfers of the country, the pressure of high rates […]
A person on Tuesday decided with market giver Sebi a case of alleged violation of trade standards for prior knowledge after paying RS 39 Lakh for settlement costs. The order came after the person (Rishi Sudhirbahi Shah) had submitted a settlement application in April of this year to regulate the direct procedure against him, “without […]
The Indian market finished lower on Tuesday and fell for a third consecutive session, with a profit in car manufacturers on the request of the festive season that wider losses that were fed by worries about a steep increase in the American H-1B visa costs did not compensate. The S&P BSE Sensex fell 0.07% to […]
ACE investor Radhakishan Damani and Rakesh Jhunjhunwala’s Trust bought shares on Tuesday in NDR Invit Trust via Block Deals. Damani bought 87 Lakh shares worth RS 100 crore in the company, while Aryaman Jhunjhunwala bought discretionary trust 58 Lakh shares with a dealer size of RS 66.70 Crore. The shares were purchased at price of […]
The initial public offer of GK Energy LTD, a provider for agricultural water pump systems on solar energy, received no less than 89.62 times subscription when it closed on Tuesday. The IPO of RS 464-Crore received bids for 1,98,77,78,982 shares against 2.21,828 shares that are offered, according to data available at the NSE. The part […]
Medicap Healthcare Limited has submitted its Concept Red Herring Prospectus (DRHP) to Market Regulator Securities and Exchange Board of India (SEBI) to launch its initial public offer (IPO). The company plans to increase RS 240 Crore by the issue of Fresh Equity without offer (OFS) component according to its draft documents. About the company Medicap […]
Indian shares can finally turn an angle after months of downward revisions, according to Motilal Oswal Financial Services, which says that the worst profit reductions are probably left behind. The brokerage noted that “a better profit cycle, decent ratings and a base of underperformance formed the stage for potential up-move in market and valuation extension […]
Nomura has repeated his bullish attitude towards the steel sector of India, with reference to a strong domestic demand and supporting global signals and called JSW Steel and Jindal Steel as top choices. The Brokerage increased its target price on JSW Steel to RS 1,300 from RS 1,220 and on Jindal Steel to RS 1,150 […]
Purple Style Labs, the parent company of the Luxury Fashion Platform Pernia’s Pop-Up Shop, has submitted provisional papers to Capital Markets Regulator Sebi to increase RS 660 Crore via a first public offer (IPO). The proposed IPO is entirely a new issue of shares without supply (OFS) component, according to the Draft Red Herring Prospectus […]
